Reply to thread

Message: [QUOTE="NoWuckingFurries, post: 722277, member: 31297"] There are lots of bookies doing introductory offers, where maybe you deposit and bet £100, and they in return give you a free £100 bet, for example. There are also betting exchanges, such as Betfair, which allow you to act as a bookie yourself, by laying bets. What you do is [B]back[/B] (i.e. you bet that it [B]will[/B] happen) something with the bookie, let's take as an example whether Sheffield United will beat Middlesbrough in the FA Cup tonight. You then [B]lay[/B] the same match at the exchange (i.e. someone bet's you that it will happen, so you are effectively betting that it [B]won't[/B] happen). Regardless of the outcome, you will lose a very small amount of money, unless you can find back odds that are better than the lay odds, thereby locking in a small guaranteed profit. So you might lose £1 on a £100 back/lay, but the bookie gives you a £100 free bet, so you are theoretically £99 up. You then repeat the process with the free bet, maybe lose another £1 in the process, and end up having made £98 overall. Once you have done all the bookie startup offers (assuming that they ever run out, as new bookies start up all the time), you start looking for odds that are better at the bookies than they are at the exchange, and make money by betting and laying very large sums of money (thousands of pounds) in order to make a few pounds from the difference in odds. I have made between four and five thousand pounds, i.e. nine to ten thousand US dollars, from matched betting since April last year, and I am a family man with fairly tight finances, but I've built up a decent MB bankroll from an initial investment of fifty pounds. [/QUOTE]

Verification

Search

Reply to thread

About CardsChat

Our Community

Our Site

Follow us